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EQUITY INVESTMENTS
9 Months Ended
Jun. 30, 2018
Equity Method Investments [Abstract]  
EQUITY INVESTMENTS
EQUITY INVESTMENTS
Equity investments consisted of the following as of June 30, 2018 and September 30, 2017:
 
As of
(in thousands)
June 30, 2018
 
September 30, 2017
Equity method investment
$
1,358

 
$
1,502


The Company has an investment in one of our strategic suppliers which provides the Company with the ability to exercise significant influence over the investment vehicle, in which it lacks a controlling financial interest and is not a primary beneficiary. Our share of gains and losses in the equity method investment is recognized on a one-quarter lag, and is reflected as share of results of equity-method investee, net of tax, in the accompanying Consolidated Condensed Statements of Operations.